Sergey Solonin, co-founder of the Qiwi (NASDAQ:QIWI) group, and TON investor to the tune of $17 million has decided to reissue his investment as a loan to Telegram, according to a report by Forbes Russia, May 16.
Following Telegram’s well-documented court battle with the U.S. Securities and Exchange Commission (SEC), the company missed its April 30 deadline to launch the TON network and was prohibited from distributing its Gram tokens.